Agricultural Credit Act, 1965

Agricultural Credit Act, 1965 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1965 Agricultural Credit Act, 1965 Agricultural Credit Act, 1965 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 12 of 1965.

AGRICULTURAL CREDIT ACT, 1965 ARRANGEMENT OF SECTIONS Section

Section 1

Interpretation.

Section 2

Increase of capital of the Corporation.

Section 3

Increase of limit on borrowing by the Corporation.

Section 4

Increase of limit on guarantees by the Minister of borrowings by the Corporation.

Section 5

Amendment of section 9 of Agricultural Credit Act, 1927.

Section 6

Amendment of sections 39 and 42 of Act of 1947.

Section 7

Amendment of section 48 of Act of 1947.

Section 8

Amendment of section 53 of Act of 1947.

Section 9

Amendment of section 9 of Act of 1961.

Section 10

Provisions relative to Houses of Oireachtas.

Section 11

Alteration in memorandum and articles of association of the Corporation.

Section 12

Short title, construction and collective citation.

Acts Referred to Agricultural Credit Act, 1961 1961, No. 13 Agricultural Credit Act, 1947 1947, No. 14 Agricultural Credit Acts, 1927 1927, No. 24 Number 12 of 1965.

AGRICULTURAL CREDIT ACT, 1965 AN ACT TO AMEND AND EXTEND THE AGRICULTURAL CREDIT ACTS, 1927 TO 1961. [6th July, 1965.] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:— Interpretation.

1.—In this Act— “the Act of 1947” means the Agricultural Credit Act, 1947 ; “the Act of 1961” means the Agricultural Credit Act, 1961 ; “the Acts” means the Agricultural Credit Acts, 1927 to 1961; “the Minister” means the Minister for Finance.

Increase of capital of the Corporation.

2.—The corporation may, under and in accordance with section 2 of the Act of 1961, increase its capital to a total not exceeding six million pounds and, accordingly, there shall be substituted in that section for the reference to two million pounds a reference to six million pounds.

Increase of limit on borrowing by the Corporation.

3.—(1) The amount of money raised or borrowed by the Corporation under the Acts or this Act and outstanding at any one time shall not exceed twenty million pounds.

Increase of limit on guarantees by the Minister of borrowings by the Corporation.

4.—The amount, or the aggregate amount, of principal which the Minister may at any one time be liable to pay on foot of any guarantee or guarantees under subsection (1) of section 5 of the Act of 1961 for the time being in force, together with the amount of principal (if any) which the Minister has previously paid on foot of any such guarantees and which has not been repaid by the Corporation shall not exceed twenty million pounds and, accordingly, subsection (2) of that section shall be construed as if that sum were substituted for the sum mentioned therein.

Amendment of section 9 of Agricultural Credit Act, 1927.

5.—Section 9 of the Agricultural Credit Act, 1927, is hereby amended by— (a) the substitution of “any source” for “co-operative societies” in paragraph (b) of subsection (1) (inserted by the Act of 1961), and (b) the substitution of “Agricultural Credit Acts, 1927 to 1965, as amended by any subsequent enactment” for “Agricultural Credit Acts, 1927 to 1961” (inserted by the Act of 1961) in subsection (2).

Amendment of sections 39 and 42 of Act of 1947.

6.—(1) Sections 39 and 42 of the Act of 1947 are hereby amended by the substitution of “two thousand pounds” for “one thousand pounds” (inserted by the Act of 1961) in each place where it occurs in those sections.

Amendment of section 48 of Act of 1947.

7.—(1) Section 48 of the Act of 1947 is hereby amended by— (a) the substitution of “two thousand pounds” for “one thousand pounds” (inserted by the Act of 1961), and (b) the insertion after “any person” of “or to secure the payment to the Corporation of any money liable to be paid by it on foot of a guarantee of the payment of moneys not exceeding in amount two thousand pounds and interest thereon by the personal representative given by the Corporation in respect of the personal representative as such personal representative for any purpose for which the Corporation is entitled to give a guarantee in respect of any person,”.

Amendment of section 53 of Act of 1947.

8.—Section 53 of the Act of 1947 is hereby amended by— (a) the substitution of “, the Courts of Justice Acts, 1924 to 1961, or the Enforcement of Courts Orders Acts” for “or in the Enforcement of Courts Orders Acts”, (b) the deletion of “whether for principal, interest, or otherwise in respect of any loan or advance made (whether before or after the passing of this Act) by the Corporation”, and (c) the substitution of “in respect of a specified transaction” for “on account of a specified loan or advance by the Corporation”.

Amendment of section 9 of Act of 1961.

9.—(1) Subsection (1) of section 9 of the Act of 1961 is hereby amended by— (a) the insertion after paragraph (b) of the following: “or (c) a personal representative of any such owner exercising a power conferred on him by section 48 of the Act of 1947,”, (b) the insertion after “guarantee on the land” of “or on any land of which a person guaranteeing the repayment to the Corporation of the moneys and interest aforesaid is the registered owner”, and (c) the insertion after “interest on the land” of “to which the order relates”.

Provisions relative to Houses of Oireachtas.

10.—(1) Where a director of the Corporation is nominated, with his consent, as a candidate for election to either House of the Oireachtas or is nominated as a member of Seanad Éireann, he shall thereupon cease to be such director.

Alteration in memorandum and articles of association of the Corporation.

11.—(1) It shall be lawful for the Corporation to make all such alterations in its memorandum and articles of association as are necessary or proper to give effect to the provisions of this Act and of the Acts as amended by this Act and as are necessary or proper by way of supplement to, or in consequence of, any such alteration.

Short title, construction and collective citation.

12.—(1) This Act may be cited as the Agricultural Credit Act, 1965.

Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais